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William and Catherine are considering an offer for a piece of property which receives a monthly lease of $ 5114 due at the beginning of

William and Catherine are considering an offer for a piece of property which receives a monthly lease of $ 5114 due at the beginning of each month. If money is worth 13.3% compounded quarterly, what is a fair offer?

a. $476265.47

b. $356238.85

c. $471604.36

d. $458164.04

e. $359734.89

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